2226 4TH ST N E MINNEAPOLIS MN 55418

PID: 1102924310141

Property Overview

Parcel ID1102924310141

Lot Size6,811 sq ft (0.156 ac)

Lot Dimensions (est.)124 ft wide × 55 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerJOSEPH C TRUAX

Assessed Value$313,300

Land Value$134,000

Building Value$179,300

Annual Tax$4,663

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2017 · $2K total declared value · Most recent: Jul 2017 (misc)

MiscJul 2017Closed

$2K

REUTER WALTON RESTORATION

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Holland · Minneapolis

Median reported rent1,578/mo

Renter-occupied61.3%

Median home value$320K

Vacancy rate9.6%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 17

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width111 ft

Buildable depth15 ft

Area~3,520 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 3,520 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2222 4TH ST N E MINNEAPOLIS MN 55418	M L BASTIAN	RESIDENTIAL-TWO UNIT	$320,100	55 ft
344 23RD AVE N E MINNEAPOLIS MN 55418	MATTHEW MEYERS	RESIDENTIAL	$389,700	105 ft
2216 4TH ST N E MINNEAPOLIS MN 55418	SHERYL A LANHART	RESIDENTIAL-TWO UNIT	$358,800	110 ft
2300 4TH ST N E MINNEAPOLIS MN 55418	W ALEXANDER NELSON	RESIDENTIAL	$304,200	115 ft
340 23RD AVE N E MINNEAPOLIS MN 55418	JACK NERMYR/MACKENZIE NERMYR	RESIDENTIAL	$288,500	157 ft
2306 4TH ST N E MINNEAPOLIS MN 55418	JOSEPH J ZGAINER	RESIDENTIAL-TWO UNIT	$310,000	158 ft
2212 4TH ST N E MINNEAPOLIS MN 55418	MARCELLA MARIE NOVAK	RESIDENTIAL	$348,600	165 ft
2229 4TH ST N E MINNEAPOLIS MN 55418	J MATTSON & S AL-BAYATI	RESIDENTIAL	$316,400	189 ft
2223 4TH ST N E MINNEAPOLIS MN 55418	ERIN W BELFRY	RESIDENTIAL-TWO UNIT	$348,600	197 ft
2312 4TH ST N E MINNEAPOLIS MN 55418	ZACHARY JUDE	RESIDENTIAL-TWO UNIT	$386,800	198 ft

Property History

Most Recent Sale

Date199105

Price$65,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,663